NetEase executives and workers were reportedly arrested amid a corruption investigation

You May Be Interested In:The next game from the Sifu team is… a 5v5 arcade soccer title?


The ex-head of NetEase’s esports division and NetEase Games’ former general manager are said to have been arrested on money laundering and bribery charges. Alongside ex-executives Xiang Liang and Jin Yuchen, several other people who worked at the company were reportedly arrested over alleged corruption.

As noted by , Chinese outlet reported that the former employees in question allegedly laundered in the region of 800 million to 1 billion yuan ($111 million to $139 million). NetEase confirmed to only that police were investigating possible corruption. The company is said to have dismissed nine staff members for alleged bribery.

Several external individuals were also implicated, according to . The outlet noted that, per an internal memo, NetEase will refuse to do business with 27 companies that have been connected to the alleged fraud and corruption.

NetEase is behind the likes of and Naraka: Bladepoint (the latter of which averages more than 109,000 players on Steam at any given time). It has two free-to-play shooters on the way based on major franchises, namely and .

White collar crimes aren’t quite a rarity in the games industry. Sonic the Hedgehog co-creator Yuji Naka was last year and ordered to pay just over $1.1 million after admitting to insider trading.

share Paylaş facebook pinterest whatsapp x print

Similar Content

Clear Angle Studios opens new location in Los Angeles
Clear Angle Studios opens new location in Los Angeles
The NBA will air a Christmas Day game with Disney characters
The NBA will air a Christmas Day game with Disney characters
The best Black Friday kitchen deals on gadgets, appliances, cookware and more: Get up to 44 percent off
The best Black Friday kitchen deals will save you up to 44 percent on Ninja, Breville, KitchenAid, Fellow and more
Video games' festive charity extravaganza Jingle Jam targets 1,000 streamers
Video games’ festive charity extravaganza Jingle Jam targets 1,000 streamers
The best wireless headphones for 2024: Bluetooth options for every budget
The best wireless headphones for 2024: Bluetooth options for every budget
Nintendo Music is a streaming service for Switch Online subscribers
Nintendo Music is a streaming service for Switch Online subscribers
The News Observer | © 2024 | News